426 Virginia Dr, Lake Worth
Palm Beach County Real Estate - Lake Worth
Lake Worth is in South East Florida. It's population as recorded in the 2010 Census was 34,910. Lake Worth is approximately 58 miles from Miami (population 399,457) and around 54 miles from Hialeah (population 224,669).
The median age for residents of Lake Worth is 35. Around 30.1% of Lake Worth households include school aged children and 22.1% of households include individuals aged 65 years or over. Census records indicate 60% of the Lake Worth population are White, 19.8% are Black or African American, 5.6% American Indian, .9% Asian and 4.5% are Two or more Races. Lake Worth has a significant Hispanic population. 39.6% (13,834) of Lake Worth residents are of Hispanic or Latino origin. Of these 19.98% are of Mexican origin, 10.21% Puerto Rican, 10.39% Cuban and 59.4% are of other Hispanic or Latino origin.
There are 16,473 housing units in Lake Worth. 3,515 (21.3%) of these were reported as vacant in the 2010 Census. There are 7,843 residential rental units in Lake Worth. 6,535 of them were occupied in 2010 providing a residential rental vacancy rate of 16.1%.
Lake Worth links:
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Palm Beach County
Palm Beach County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Miami-Dade, Broward, and Monroe counties. Palm Beach County has 38 cities, towns and villages in total. West Palm Beach is the county's largest city and acts as the county seat. Palm Beach has a population over 1.3 million.
Palm Beach County has many wealthy towns such as Palm Beach, Boca Raton, and Jupiter, as well as a large equestrian population making it one of Florida's wealthiest counties. As a result, real estate prices are comparatively higher in Palm Beach County than most other counties in Florida.
Palm Beach County's major private sector employers are Tenet Healthcare Corporation, Hospital Corporation of America, Florida Power & Light, The Breakers, and Office Depot. Top public sector employers are Palm Beach County School Board, Palm Beach County, Florida Atlantic University, and Boca Raton Community Hospital. Palm Beach County considers agribusiness; aviation, aerospace, and engineering; equestrian; healthcare; green energy; and corporate headquarters to be among its main industries.
Boca Raton is in southern Palm Beach County and is known as the birthplace of the IBM personal computer. It still hosts a large research park focused on technological innovation. The city hosts the headquarters for Office Depot and GEO Group. Florida Atlantic University and Lynn University are both located in Boca Raton.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 430 Virginia Dr | Single Family | 1,327 | B |
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| 422 Virginia Dr | Single Family | 1,548 | B |
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| 425 Wright Dr | Single Family | 1,273 | B |
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| 434 Virginia Dr | Single Family | 1,612 | B |
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| 418 Virginia Dr | Single Family | 1,227 | B |
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| 427 Wright Dr | Single Family | 1,978 | B |
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| 421 Wright Dr | Single Family | 1,222 | B |
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| 433 Wright Dr | Single Family | 1,647 | B |
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| 417 Wright Dr | Single Family | 1,292 | B |
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| 438 Virginia Dr | Single Family | 1,279 | B |
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| 425 Virginia Dr | Single Family | 1,103 | B |
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| 421 Virginia Dr | Single Family | 1,831 | B |
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| 429 Virginia Dr | Single Family | 1,704 | B |
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| 437 Wright Dr | Single Family | 1,649 | B |
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| 417 Virginia Dr | Single Family | 1,798 | B |
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| 431 Virginia Dr | Single Family | 1,968 | B |
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| 504 Virginia Dr | Single Family | 1,708 | B |
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| 1814 Lake Osborne Dr | Single Family | 2,834 | B |
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| 1808 Lake Osborne Dr | Single Family | 1,546 | B |
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| 501 Wright Dr | Single Family | 2,187 | B |
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| 1802 Lake Osborne Dr | Single Family | 2,371 | B |
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| 439 Virginia Dr | Single Family | 2,639 | B |
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| 508 Virginia Dr | Single Family | 1,198 | B |
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| 424 Wright Dr | Single Family | 1,386 | B |
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| 426 Wright Dr | Single Family | 1,508 | B |
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| 416 Wright Dr | Single Family | 1,757 | B |
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| 1902 Lake Osborne Dr | Single Family | 2,156 | B |
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| 432 Wright Dr | Single Family | 1,611 | B |
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| 505 Wright Dr | Single Family | 2,081 | B |
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| 436 Wright Dr | Single Family | 1,504 | B |
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| 505 Virginia Dr | Single Family | 1,566 | B |
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| 512 Virginia Dr | Single Family | 1,196 | B |
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| 412 Wright Dr | Single Family | 2,592 | B |
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| 502 Wright Dr | Single Family | 1,417 | B |
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| 509 Wright Dr | Single Family | 1,200 | B |
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| 509 Virginia Dr | Single Family | 1,888 | B |
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| 506 Wright Dr | Single Family | 1,343 | B |
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| 1722 Lake Osborne Dr | Single Family | 2,625 | B |
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| 516 Virginia Dr | Single Family | 1,109 | B |
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| 1950 Lake Osborne Dr | Condominium | 1,035 | B |
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| 435 Griswold Dr | Single Family | 1,118 | B |
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| 439 Griswold Dr | Single Family | 2,315 | B |
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| 431 Griswold Dr | Single Family | 1,664 | B |
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| 530 Virginia Dr | Single Family | 1,392 | B |
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| 427 Griswold Dr | Single Family | 1,860 | B |
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| 501 Griswold Dr | Single Family | 1,835 | B |
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| 512 Wright Dr | Single Family | 1,450 | B |
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| 423 Griswold Dr | Single Family | 1,596 | B |
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| 509 Griswold Dr | Single Family | 1,710 | B |
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Local Household Income
The median household income in this part of Florida is $58,828. The bottom 10% of the population earn less than $15,713 per year. The top 10% earn more than $151,965 per year. The top 1% earn more than $508,812 per year. Most renters earn between $24,120 (20th percentile) and $44,712 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $117,656 and $147,070.
The tax assessed value of this property places it in percentile 61 of all properties in this area. This suggests it would appeal to someone earning around $72,766 per year who should qualify for a mortgage between $145,532 and $181,915.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,028. Most renters earn between $2,010 and $3,726 per month. They typically spend 39% of their monthly income on rent. Most rents fall in the $781 (20th percentile) to $1,371 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 61 of all properties in this area. This corresponds to a rent of $1,126 per month and a monthly household income of $2,976 ($35,712 per year)
Nearby Companies
426 Virginia Dr
1802 Lake Osborne Dr
418 Virginia Dr
1808 Lake Osborne Dr
1950 Lake Osborne Dr
505 Wright Dr
505 Wrigth Dr
501 Wright Dr